Loading...
•
Mar 31, 2021
Cathay General Q1 2021 Earnings Report
Net income increased compared to the same quarter a year ago and net interest margin increased from the previous quarter.
Key Takeaways
Cathay General Bancorp reported a net income of $73.4 million, or $0.92 per share, for the first quarter of 2021. The net interest margin was 3.20%, increasing 8 basis points from the fourth quarter of 2020. There was a reversal of provisions for credit losses of $13.6 million.
Net income for the quarter ended March 31, 2021, was $73.4 million, an increase of $26.5 million, or 56.5%, compared to net income of $46.9 million for the same quarter a year ago.
Diluted earnings per share for the quarter ended March 31, 2021, was $0.92 per share compared to $0.59 per share for the same quarter a year ago.
Return on average stockholders' equity was 12.23% and return on average assets was 1.57% for the quarter ended March 31, 2021, compared to a return on average stockholders' equity of 8.12% and a return on average assets of 1.05% for the same quarter a year ago.
The net interest margin was 3.20% for the first quarter of 2021 compared to 3.34% for the first quarter of 2020 and 3.12% for the fourth quarter of 2020.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...